Russia – sanctions and Europe – inflation
Hungarian Prime Minister Viktor Orban stated that “11 thousand sanctions” and “attempts to weaken the Russians” were “unsuccessful”. His words were quoted by the MTI agency.
“On the contrary, severe inflation and energy shortages caused by the sanctions could bring Europe to its knees,” he said, adding that he does not know how long Brussels will maintain its sanctions policy.
According to him, the problem is exacerbated by the “irrational actions” of the European Union.
The situation in Europe will not be easy if we do not change the sanctions policy. The situation is such that the energy in Europe has run out, we have to bring it here from elsewhere, and the energy coming here is expensive,” he said.
He noted that because of the policy, European authorities are abandoning various sources of energy, leading to “increasing the cost of their own living and complicating the position of their industry in global competition”.
Still, he stated that there will be no shortage of energy in Hungary. His country supposedly has enough gas and electricity. According to the MTI agency, Orban meant that there was no need to shut down or shut down any factories due to the lack of energy.
In addition, the Hungarian prime minister pointed out that the area is open to investment and said, “Anyone who wants to invest and produce here can come and invest.”
Solving the problem of rising prices in Europe
Gergely Guiyash, head of administration of the Hungarian Prime Minister, believes that price cuts and inflation are possible with the lifting of sanctions against Russia. RIA Novosti writes about it.
“If the sanctions on Russia, or at least on the energy part, are lifted tomorrow, prices and inflation will fall by half. However, the European Commission followed the opposite path, not this.
In particular, he opposed the European Commission’s (EC) decision to set a ceiling price for Russian gas. “The problem is that a ceiling can only be set if someone produces what they want to distribute. And Europe doesn’t provide itself with gas, so there’s no point in talking about a ceiling price,” he said.
The idea was negatively received in at least three countries, including Slovakia. It is supported by Poland and Latvia.
But the EC believes that lifting sanctions is not worth it. Instead, European authorities are looking for alternative measures to lower prices and inflation. Ursula von der Leyen, president of the European Commission, has proposed to reduce the demand for electricity without fail, in addition to the ceiling price for gas from Russia. But Poland, Bulgaria, Hungary and Greece, for example, want this measure to be voluntary.
Von der Leyen also believes that the solidarity tax will help solve the problem. It is scheduled to be paid for by organizations working on fossil fuels and making huge profits.
According to the EC chief, it is also necessary to support utilities companies, including by providing them with loans to place the necessary funds to trade on energy exchanges.
The fifth point he proposes is to limit the revenues of organizations that do not import but generate electricity from cheap sources.
Source: Gazeta
Jackson Ruhl is a tech and sci-fi expert, who writes for “Social Bites”. He brings his readers the latest news and developments from the world of technology and science fiction.